Transaction Taxes
About Transaction Taxes:
Taxes on economic transactions, such as the sale of goods and services. Tax that uses a specific type of transaction as its object, e.g. sales tax, immovable property transfer tax, etc. These can be based on a set of percentages of the sales value (ad valorem-sales taxes), or they can be a set amount on physical quantities (“per unit”-gasoline taxes).
See Indirect Tax in the U.S. Reference and Indirect Tax in the International reference.
See Sales tax in the U.S. Encyclopedia and Sales tax in the International Encyclopedia
Description and Definition of Transaction Taxes
Taxes paid at the time of a transaction. These taxes can be a set percentage of a sales value or a set amount of a physical quantity.
Leave a Reply